U S Mortgage Refinancing Index Falls To A 20 Year Low
Meanwhile, Christophe Barraud, Bloomberg’s top forecaster, shared a tweet indicating that the mortgage refinancing index fell again, for the fifth straight week, reaching levels last seen in October 2000. Moreover, the index declined by 4% compared to the previous week, and compared to the previous year, the index is down 83%, with the refinancing share of mortgage activity decreasing by 30.2% of total applications, according to the Mortgage Bankers Association (MBA)....